American elite divided over US-China economic ties Reply
Trump admin sees China as primary enemy Reply
Press TV. Listen here.
The administration of US President Donald trump views China as the “primary enemy” amid a growing divide between political and business leaders in the United States over how Washington should treat China’s growing military and economic threat, an American political analyst says.
Keith Preston, director of attackthesystem.com, said some in Washington supported Trump’s ongoing military and economic pressure against Beijing while many others called for less tensions in the relationship.
The divide between the elite became clearer on Friday, when Trump implied that the US central bank chief was a greater “enemy” than Chinese President Xi Jinping.
He made the remark after Federal Reserve Chair Jerome Powell warned the trade war with China is a risk to the US economy.
“We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the US will do great,” Trump wrote on Twitter. “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?”
Preston told Press TV on Sunday that American corporations relied heavily on China because of cheap labor in the country as well as Beijing’s policy of handing out loans to foreign businesses.
This is while some parts of the US establishment believe the growing trade imbalance between the two sides was hurting the US as it allowed China to boost its economy at America’s expense, Preston added.
“China only has about half the economic power of the United States but the Chinese economy has grown exponentially in recent decades and there are some policymakers and some elites in the United States who are concerned about that and they wish to level this trade imbalance somewhat,” Preston argued.
“Another issue is the fact that China is increasingly viewed [by the US] as a geopolitical rival not only militarily but also economically,” he continued.
The United States is also heavily dependent on China for its military technologies, another factor that has split US officials about the correct approach.
“It is clear that the Trump administration represents a vein of the American that do view China as a primary enemy and wish to take a more hawkish position towards China,” the analyst added.
PressTV-Trump says US central bank chief greater ‘enemy’ than ChinaUS President Donald Trump has called Federal Reserve Chair Jerome Powell a greater “enemy” than Chinese President Xi Jinping.
Trump lashed out at China on Friday, vowing a quick response to its announcement of new tariffs and ordering US companies to leave the country.
China announced earlier on Friday it would impose new tariffs on US soybeans, lobsters, peanut butter and other imports worth $75 billion in retaliation for Washington’s latest round of punitive duties that take effect in two rounds, September 1 and December 15.
The United States will raise existing tariffs on $250 billion in Chinese imports to 30 percent from 25 percent, beginning on October 1, Trump said on Twitter Friday.
He added that the duties on another $300 billion in Chinese products, set to take effect on September 1, will be increased by 5 percent, reaching 15 percent.
Gold Price Suppression Denier Defends His Client Central Banks Reply
By Chris Powell
While most market analysts who have denied central bank and government intervention against gold have long since gone silent on the issue, Managing Partner Jeff Christian of metals consultancy CPM Group continues to disparage such complaints as “conspiracy theory.”
In an interview last week with Money Metals Exchange’s Mike Gleason, Christian tries to reduce the issue to what he considers ordinary and small-time market manipulation by individual traders.
“We don’t see grand conspiracies and we see a tremendous amount of evidence that these grand conspiracies do not exist,” Christian says.
That is, Christian doesn’t see the monthly interventions of the Bank for International Settlements in the gold market on behalf of its central bank members, interventions confirmed by the bank’s own monthly statements of account.
He doesn’t see the “central bank incentive program” of trading discounts extended by CME Group, operator of the major U.S. futures exchanges, to governments and central banks for their surreptitious trading of all major futures contracts, including gold and silver.
He doesn’t see the refusal of the U.S. Treasury Department and Federal Reserve to answer U.S. Rep. Alex Mooney’s questions about which markets they are secretly trading in and why.
He doesn’t see the closed meetings regularly held by the major international financial organizations, from the BIS to the International Monetary Fund to the G-7 Gold and Foreign Exchange Committee, wherein intervention policy is formulated and implemented in secret — the very definition of “conspiracy.”
Why I’m a Proud Anti-American 1
By Nicky Reid aka Comrade Hermit
Exile in Happy Valley
Anti-American, that’s the popular slur for any critic of American foreign policy, especially in an election year. If you happen to have enough of a conscience to give a shit about who this country happens to be bombing or starving this week, you’re an anti-American, you hate the troops and you should go back to where you came from. The knee-jerk reaction to this knee-jerk reaction from most peaceniks, left and right, is to designate their opposition to empire as a form of patriotism. And I can respect that, but it’s not really my style. I’ve always been the kind of fat insane faggot who owns her slurs and wears them proudly like gang colors. I call it the Eazy E school of political incorrectness. You can be a patriotic pacifist, or you can be an Anti-American with attitude. My homegirls in the Squad have sheepishly chosen the prior, but I for one am proud to be a flag burning, middle finger waging, Anti-American bitch, and if Trump wants to send me back to the County Cork, I’ll pack my bags if he agrees to kiss my ass on the way out.
The stone cold reality is that my fervent anti-imperialism cannot be divorced from the country I live in. America is not a republic inflicted by empire. America is a glorified corporation defined by empire and it always has been. America has grown from a plucky little European slave colony to the deadliest war machine the world has ever seen. You’ll have to forgive me if I have trouble finding something to love about a rabid ax murderer like Uncle Sam, but for the sake of bitching lets unpack some of the cherished myths even antiwar patriots tend to cling to like exiles to a lifeboat.
Let’s start with an easy one. “People died for your freedom!” Every time I hear some Toby-Keith-love-it-or-leave-it-limp-dick belch that one out, I instinctively start laughing and then feel like a total cunt. People died for our freedom? No they didn’t. When was the last time your “freedom” was personally threatened by some bearded zealot from a shithole country? Did the Vietcong threaten our precious freedom to buy Coke and vote for reality TV rapists? Did the Taliban? The only thing these peasant malcontents threatened was America’s ability to treat the Third World like a broodmare.
William Godwin: The First Modern Anarchist Reply
By Keith Preston
Few thinkers personified the intellectual culture of the Enlightenment to a greater degree than the English political philosopher and novelist, William Godwin. In 1793, Godwin published his most influential work, An Enquiry Concerning Political Justice and Its Influence on Morals and Happiness, which at the time was considered to be one of the most significant literary responses to the events of the French Revolution, along with the works of Edmund Burke and Thomas Paine. True to Enlightenment ideals, Godwin suggested that human beings were born as a Lockean tabula rasa, and that education, along with improved social and political conditions, could result in significant steps toward human perfectibility. Such an evolved condition of human existence would render the state unnecessary as individuals would be inspired by reason to act on behalf of what was in the best interest of the community. Similarly, Godwin envisioned that an enlightened society would be less in thrall to vices such as greed and acquisitiveness, and a more equitable distribution of resources would result. The classical theoretician of anarchist-communism Peter Kropotkin would, more than a century later, suggest that Godwin was in fact the first modern proponent of anarchist-communism.
Family, Marriages and Children
From a historical perspective, Godwin is today recognized more for his famous family members than for his political ideas. His first wife was Mary Wollstonecraft, a pioneer feminist who produced the classic work A Vindication of the Rights of Woman, which was published in 1792, and argued for the extension of the Enlightenment idea of “natural rights” to include women as well as men. Wollstonecraft died in 1797 due to complications from giving birth to the couple’s daughter, Mary. However, Mary would later become famous both for her marriage to the Romance poet Percy Bysshe Shelley, and for her authorship of the novel Frankenstein, widely considered to be a pioneer work in the genres of horror and science fiction. Clearly, Godwin’s family exercised considerable influence in British literary circles during the late eighteenth and early nineteenth century. Godwin himself also produced a pioneer work in the genre of the “thriller” called Things as They Are; or, The Adventures of Caleb Williams, and the family’s literary business, known as the Juvenile Library, also published children’s books as well.
“A State within a State”: Hezbollah as a Bulwark against the Atlanticist-Zionist-Gulf State Axis Reply
By Keith Preston
Introduction
Hezbollah is one of the most unique political organizations in the world and has the distinction of having forced the Israeli Defense Forces (IDF) to withdraw from southern Lebanon on two separate occasions. The first of these was in 2000, ending Israel’s 18-year occupation of the region. The second was during the 2006 Lebanon War following a renewed assault on Lebanon by the IDF. Hezbollah is also considered to be a model “fourth generation warfare” organization by theorists of generational warfare, such as William S. Lind. Fourth generation warfare theory argues that the nature of war has been transformed since the end of World War Two. Because of the invention of nuclear weapons, international warfare between states has largely become cost prohibitive. Consequently, the waging of war has become a matter of conflict between states and non-state actors primarily.
Non-state actors may include any organization that engages in armed conflict outside of the state system, such as guerrillas, insurgents, or terrorists. However, non-state actors also include organizations that provide functions usually considered to be the prerogative of states (such as the provision of social services, education, public infrastructure, or public security), or focal points of public loyalty other than states, such as movements, causes, religions, ideologies, or gangs. Fourth generation warfare theory indicates that many people around the world are transferring their primary loyalties away from traditional national patriotisms toward fourth generation forces of many kinds. For example, rather than considering themselves to be a patriotic citizen of their nation, a person may first consider themselves to be a loyal Muslim, socialist, or devotee of animal welfare. Hezbollah is considered by fourth generation warfare theorists to be the most sophisticated fourth generation model because of its ability to provide traditional state functions on a significant scale, and Hezbollah’s having superseded the Lebanese military as the “national defense” force of Lebanon.
The Intellectual Legacy of Carl Schmitt 1
by Keith Preston
Part One: p. 1
Early Life and Intellectual Development
The Turmoil of Weimar and the State of the Exception
Part Two: p. 6
The Crisis of Parliamentary Democracy and The Concept of the Political
Part Three: p. 11
The Destruction of the Weimar Republic and the Rise of the Nazis
Part Four: p. 15
The Nazi Era, The Postwar Period, and Schmitt’s Contemporary Relevance
Part One: Early Life and Intellectual Development
Among the many fascinating figures that emerged from the intellectual culture of the Weimar Republic that existed in Germany between the two world wars, perhaps none are quite as significant or unique as Carl Schmitt. An eminent jurist and law professor during the Weimar era, Schmitt was arguably the greatest political theorist of the twentieth century. He is also among the most widely misinterpreted or misunderstood. The misconceptions regarding Schmitt are essentially traceable to two issues. The first of these is obvious enough: Schmitt’s collaboration with the Nazi regime during the early years of the Third Reich. However, the other reason why Schmitt’s ideas are so frequently misrepresented or even reviled in contemporary liberal intellectual circles may ultimately be the most important. Schmitt’s works in political and legal theory provide what is by far the most penetrating critique of the ideological and moral presumptions of modern liberal democracy and its institutional workings.
American elite divided over US-China economic ties Reply
Press TV. Listen here.
The American elite are divided over what the economic relationship between the United States and China should be like, says a political analyst.
Keith Preston made the remarks in an interview with Press TV on Saturday when asked about President Donald Trump’s furious reaction after Federal Reserve Chair Jerome Powell had warned the trade war with China was a risk to the US economy.
In a furious flurry of tweets on Friday, Trump attacked the Powell’s stewardship of the world’s biggest economy.
“As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly,” Trump wrote on Twitter.
“We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the US will do great,” he added.
“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?”
Preston said, “There is a split within the American elite, within the American economic and political elite over the question of what the economic relationship between the United States and China ought to be.”
“It’s clear that the Trump administration represents a vein of the American elite that do view China as a primary enemy and wish to take a more hawkish position towards China when it comes to things like tariffs and trade and those kinds of issues, economic relationships and also military relationships as well.”
“On the other hand, there are other sections that the American elite that are very concerned about maintaining a trade relationship that currently exists between the United States and China, they do not want anything to disrupt that,” he added.
Trump lashed out at China on Friday, vowing a quick response to China’s announcement of new tariffs and ordering US companies to leave the country.
The attack came after China announced earlier on Friday it would impose new tariffs on US soybeans, lobsters, peanut butter and other imports worth $75 billion in retaliation for Washington’s latest round of punitive duties that take effect in two rounds, September 1 and December 15.
The United States will raise existing tariffs on $250 billion in Chinese imports to 30 percent from 25 percent, beginning on October 1, Trump said on Twitter Friday.
PressTV-US to hike existing, planned tariffs on Chinese importsPresident Trump says the US will hike tariff rates on most imports from China in retaliation for Beijing’s new duties on American goods.
He added that the duties on another $300 billion in Chinese products, set to take effect on September 1, will be increased by 5 percent, reaching 15 percent.
Ghani: Afghan govt. must be present in US-Taliban talks Reply
Why I Stopped Being White (and You Should Too) 9
By Nicky Reid aka Comrade Hermit
Exile in Happy Valley
Race is a touchy subject in the West. People across the aisle, especially white folk, tend to avoid it like a plague. A big part of the reason behind this reservation has to do with the fact that both the left and the right maintain an equally immature grasp on the subject. While the right seems to be convinced that race is some kind of scientific fact like a species of bird, the left seems to view it as an inescapable historical prison sentence with no hope for escape. Like usual, the left is wrong and the right is way fucking wrong. There is nothing scientific or permanent about race. It is a social construct as fluid in nature as gender or sexuality, and it is constantly evolving. Almost every known race was created by a collision of former races that have ceased to exist. About the only thing that the clueless class in the left-right paradigm gets right is that the white race is a very unique creature, and a dangerous one.
The white race is unique in that it is the first defining race of the imperial era and modern day imperialism defines its very existence. The Western Europeans designed the concept of whiteness to justify their expanse and enslavement of the New World and it’s dark skinned cousins across the Global South. As the insatiable nature of capitalism demanded endless expansion, it’s moneyed mandarins required the creation of a new super-class to rationalize the enslavement of the darker nations. This concept became even more necessary with American independence and the fall of monarchism.
This new white aristocracy replaced the royal bloodline and shaped the very nature of the planet’s economic ecosystem. The First World was created with the excess wealth pillaged from the Third World, and it’s subjects soon became victims of new races invented to further empower the white race. The colored races of black and Latino were constructed to both consolidate white supremacy’s ill-gotten gains and to rob the many tribes that made up these racial monoliths of color of their diverse indigenous cultures. The white race is unique, not simply by the Machiavellian nature of its design, but by the necessity of its supremacy over other similarly constructed mass races to justify its very existence. But like most imperial schemes, white supremacy backfired.
How to SOLVE Illegal Immigration Reply
Kim has an interesting take on the immigration question that demonstrates how the way the issue is presented by the political class and the media is an insincere fraud.
US unveils warrant for seizure of Iran-operated Grace 1 Reply
The US Department of Justice (DOJ) has unveiled a warrant for the seizure of the Iran-operated Grace 1 supertanker a day after Gibraltar’s Supreme Court confirmed the release of the vessel.
I Was a Red Flag Kid 5
By Nicky Reid aka Comrade Hermit
Exile in Happy Valley
Middle school sucks for everybody. But its harder for some people than others. After nearly a decade at a small, conservative, K-8 Catholic school, I was beginning to chafe beneath the cross of my mental illness. I had suffered from depression and anxiety since early childhood but as I entered the maelstrom of my teens, these issues became too turbulent to conceal. I didn’t feel like the other kids and my awkward individuality felt far from welcome among the pious adults. Even beyond my ability to cope with the basic everyday stress of being an active human being, I felt strange and detached from what passed as normal in this stifling environment. My body felt like a mistake and I couldn’t shake the fear that these feelings were evil. I had never heard of words like transgender or genderfluid. This was the Nineties and the only people who looked the way I felt were Dennis Rodman and Marilyn Manson, and the generally excepted wisdom at my church was that these freaks were going to hell, and so was I.
I was terrified. Terrified of myself. Terrified that if I ever let people in, that if people ever really truly saw me, they would either burn me at the stake or run screaming for the hills. So I retreated and found ways to cope. I lost most of my friends but I found shards of myself through the awesome power of punk rock music and radical politics. George W. Bush dropped bombs on Baghdad when I was in 8th grade and the very next day I came to school with a peace sign strapped to my arm. In early post-9/11 middle America, this mild gesture of resistance was tantamount to burning a pentagram in your forehead and declaring allegiance to Al-Qaeda.
I spent the proceeding weeks and months engaging in all out verbal combat with nearly every student and teacher I crossed. It was exhausting, but for the first time in a very long time, I wasn’t scared, I was proud. I had declared my independence from “normal” and stood my ground and it felt empowering. So I dressed in all black, stopped standing for the pledge of allegiance and gave up on trying to please the normal people who occupied my life. I decorated my backpack with badges emblazoned with the portraits of my new saints; Kurt Cobain, Che Guevara and Joey Ramone. Then the wolves came in and normal bit back.
The Sound Money Showdown in U.S. States Reply
Policies relating to sound money have been the subject of substantial debate at the state level this year, with bills, hearings, and/or votes taking place in nearly a dozen legislatures.
As most state legislatures have now wrapped up their work for the year, let’s review the victories (both offensive and defensive)—and lone defeat—for sound money during the 2019 session.
The Sound Money Defense League’s primary goal is to remove every kind of taxation imposed on constitutional money. Given its practical importance, the hottest issue in the states has been taxation—i.e. whether citizens should face a levy when buying or selling gold and silver.
● House Bill 2684, introduced by West Virginia Delegate Pat McGeehan, aimed to remove all taxes (sales tax, corporate income tax, and personal income tax) from gold and silver. Meanwhile, Senate Bill 502, sponsored by Senator Craig Blair, exempted only precious metals from the state’s sales tax.
The West Virginia bill removing sales taxes passed overwhelmingly through both chambers, and Governor Jim Justice signed SB 502 into law.
● House Bill 2140, introduced by Kansas Representative Jim Kelly, included a sales tax exemption on the sale of gold and silver as part of a larger bill rife with new taxes. Governor Laura Kelly signed the measure in May.
Praise of Folly Podcast #53: Non-violent resistance 3
Todd Lewis is joined by Keith Preston to discuss the relevance of non-violent resistance for Utopian, Anarchist and Libertarian communities.
Debate: US anti-Iran alliance Reply
Who’s Afraid of Tulsi Gabbard? Reply
By Nicky Reid aka Comrade Hermit
Exile in Happy Valley
Elections are different for anarchists. We’ve already made our peace with the basic fact that representative democracy is a sham even when it’s not rigged by moneyed oligarchs. So when we do actually take part in the process, it’s usually for purposes of propaganda and/or Machiavellian strategy. One thing Trump was right about is the influence of the deep state, though it’s hardly the shadowy coalition of dope smoking lesbian Bolsheviks the Alex Jones-set imagines them to be (I wish.) Rather, they’re more of a loose coalition of rich old white men who travel back and forth between unelected positions in the federal government and the numerous industrial complexes of the Fortune 500. At the risk of sounding like a member of the tinfoil hat brigade, these are the people who really run this country. Elections, especially at the presidential level, are largely just theater, a glorified reality TV show designed to feed the masses the illusion of living in a democratic society beneath the steel boot of a rapidly decomposing empire.
I personally subscribe to the Murray Rothbard philosophy on elections, which basically goes that since the state is defined by it’s monopoly on the use of force, the best we the people can do when we’re not loading rifles is to support the most antiwar candidate available. To me, this school of thought is made doubly relevant by the fact that theoretically the only thing the president has direct authority over is the armed forces. To say that this philosophy has brought me to some strange places is an understatement. I have personally changed political parties no fewer than three times and counting. And I’ve found myself openly backing everyone from Jurassic goldbugs like Ron Paul to New Age hippie vaxxers like Jill Stein (who’s 2016 campaign sticker continues to haunt Hillaryites from the bumper of my Ford Taurus.)
The DNC’s bottomless clown car of milquetoast morons doesn’t exactly provide a lot of options for the Rothbardian voter. Most of the candidates seem to come from the Oprah School of social democracy, chumming debt besodden millennials with the promise of an endless procession of free shit, payed through taxing super-villains without offering to cut a single missile. The only solidly antiwar candidate was 89 year old former senator Mike Gravel, but since Mike has called it quits after essentially being banned from Cable TV and screwed out of his rightful place in the latest debates, that only leaves contrarian powder-keg, Tulsi Gabbard.
Majority of Democrats Now Favor Trump Impeachment Reply
After Fed Disappoints, Will Trump Initiate Currency Intervention? Reply
By Stefan Gleason, Money Metals Exchange
Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted – or many traders anticipated.
The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exporting countries.
Instead, the U.S. Dollar Index rallied throughout July ahead of the expected rate cut and continued rallying after Fed chairman Jerome Powell made it official on Wednesday.
In fact, the Federal Reserve Note broke out to its highest level since early 2017.
The Fed also announced it would end its balance sheet reduction program a month earlier than originally scheduled.
These dovish policy changes apparently weren’t dovish enough. The central bank could have gone for a 50-basis-point cut instead of the more routine quarter point cut it delivered. It could also have announced a new Quantitative Easing program.
Perhaps the biggest market-moving disappointment (equity bearish, dollar bullish) was Fed Chairman Jerome Powell shooting down the idea of an extended rate-cutting cycle.
In his press conference, he described the cut as “mid-cycle adjustment” that didn’t necessarily imply follow-up cuts.
Reflections on His Goofiness: William Gillis on Positive and Negative Liberty 5
Goofy Gillis has a lengthy interview podcast interview available. Listen here.
Here’s my general take on the content of this interview.
He’s not unintelligent, and much of what he is saying is not “wrong” per se. But I know enough about him to know that his idea of “freedom” amounts to the de facto compulsory universalization of the PC/SJW/Antifa/call-out culture paradigm, although perhaps enforced by extra-legal vigilante violence rather than a conventional state.
His ideology seems to be “Total positive freedom to make unlimited choices resulting in absolute diversity, except for people who might do something I don’t like, such as being ‘reactionary.'” That’s consistent with the nonsense I’ve seen in his Twitter feed.
Technology or no technology, progress or no progress, the evidence from all relevant fields shows that humans are naturally tribal in a social context, and individual values are rooted in their psychological and genetic proclivities. Where there is “freedom,” there is “diversity.” But diversity often includes the existence of polar opposites.
Israeli Lobby behind Senate Failure to Overturn Saudi Arms Sale Veto 1
My recent interview with Tasnim.
TEHRAN (Tasnim) – The US Senate failed in its latest bid to block the controversial sale of $8.1bn worth of weapons to Saudi Arabia due to the influence of the powerful Israeli lobby in the United States, an American political analyst said.
“…Saudi Arabia and the UAE are also allies of Israel, which is extraordinarily powerful in the United States as well. The (US) President has a very close relationship with Israel, and the Israel lobby essentially controls much of the US Congress. The American petroleum industry and other US business interests also maintain massive holdings in Saudi Arabia and the UAE. For these reasons, the President vetoed the resolutions, and the resolutions did not receive enough support in the Senate to override the veto,” Keith Preston, the chief editor and director of attackthesystem.com, told Tasnim.
